PNM in Gov't (2020-2025)

[zoom rader]

So where all them billions from Eric days went, how as soon as the pnm leave office for the first time the country was broken and Robinson had to introduce vat

In the late 1970's there was an oil crisis as a result of Iran dropping production. T&T since the early 1970s was ramping up production and was able to benefit from the crisis thereby increasing revenues from expensive oil and that was our only oil boom. However, as the situation normalised and global production went up, T&T production started to fall and never recovered since. Dr. Williams died in 1981, Chambers became PM. Oil prices fell in 1982 and T&T suffered falling revenues which continued after Robinson became PM in 1986.

So much like the lies about the Erica comment, the country got broke long before PNM left office. The billions were invested in the Twin Towers, Mt Hope Hospital, highways, schools and yes corruption. But corruption is not as easy as taking funds from govt accounts and placing them in your own. That can be easily traced. You will need a vehicle like a service or product to mask it. Unless somebody can show what product or service Erica performed for T&T to receive money, they are talking nonsense. Who knows if she benefited from her father's corruption, but I have no evidence that she lent T&T any money.

You all are more concerned about dead and forgotten ppl's corruption than the current parliamentarians who are trying to return tief again.

Yup Rowlee doing a good job of thieefing.

[matr1x]

Is to take the assets from dead ones who were involved in corruption..liquidity of those assets, and pump it back into the economy.

[Habit7]

Is to take the assets from dead ones who were involved in corruption..liquidity of those assets, and pump it back into the economy.

Yes, that can only happen when there are convictions or judgments that prove corruption. Like how last year we got the civil judgment of $900M from Brian Kuei Tung, Steve Ferguson and Raul Gutierrez Jr for Piarco airport corruption. It is easy to make up stories, but to land judgments esp in a foreign court devoid of bias, that is how we deal with corruption.

[matr1x]

Is to take the assets from dead ones who were involved in corruption..liquidity of those assets, and pump it back into the economy.

Yes, that can only happen when there are convictions or judgments that prove corruption. Like how last year we got the civil judgment of $900M from Brian Kuei Tung, Steve Ferguson and Raul Gutierrez Jr for Piarco airport corruption. It is easy to make up stories, but to land judgments esp in a foreign court devoid of bias, that is how we deal with corruption.

Didn't they clear them?

If you want to talk about corruption, let's talk about the first oil boom money. Dissappear like alfa father when he said he was going for milk and cigarettes

[Habit7]

Is to take the assets from dead ones who were involved in corruption..liquidity of those assets, and pump it back into the economy.

Yes, that can only happen when there are convictions or judgments that prove corruption. Like how last year we got the civil judgment of $900M from Brian Kuei Tung, Steve Ferguson and Raul Gutierrez Jr for Piarco airport corruption. It is easy to make up stories, but to land judgments esp in a foreign court devoid of bias, that is how we deal with corruption.

Didn't they clear them?

If you want to talk about corruption, let's talk about the first oil boom money. Dissappear like alfa father when he said he was going for milk and cigarettes

Who got cleared?

There was 40yrs to investigate any corruption from 1st oil boom. Why the need to deflect to corruption from a generation ago. We have ppl being convicted and tried for corruption right now, some of them still in parliament. You don’t want to face that reality?

[matr1x]

Is to take the assets from dead ones who were involved in corruption..liquidity of those assets, and pump it back into the economy.

Yes, that can only happen when there are convictions or judgments that prove corruption. Like how last year we got the civil judgment of $900M from Brian Kuei Tung, Steve Ferguson and Raul Gutierrez Jr for Piarco airport corruption. It is easy to make up stories, but to land judgments esp in a foreign court devoid of bias, that is how we deal with corruption.

Didn't they clear them?

If you want to talk about corruption, let's talk about the first oil boom money. Dissappear like alfa father when he said he was going for milk and cigarettes

Who got cleared?

There was 40yrs to investigate any corruption from 1st oil boom. Why the need to deflect to corruption from a generation ago. We have ppl being convicted and tried for corruption right now, some of them still in parliament. You don’t want to face that reality?

Very simple. That corruption built the wealth of ppl like the al rawis and such. And it robbed from foundational wealth. No one saying not to deal with present corruption, but let's not forget the pnm ethos was "tief, tief, until nothing left"

[Habit7]

All that is just talk, much like how you believe that Brian Kuei Tung, Steve Ferguson and Raul Gutierrez Jr were cleared. You watching Al Rawi while men stole nearly $1B and you playing dotish. I am not here for rum shop talk like Erica Williams loaning T&T money. Show me evidence that could be presented in a court. Anybody can accuse their political adversaries of corruption and make up some ethos. I am dealing with substance.

[matr1x]

All that is just talk, much like how you believe that Brian Kuei Tung, Steve Ferguson and Raul Gutierrez Jr were cleared. You watching Al Rawi while men stole nearly $1B and you playing dotish. I am not here for rum shop talk like Erica Williams loaning T&T money. Show me evidence that could be presented in a court. Anybody can accuse their political adversaries of corruption and make up some ethos. I am dealing with substance.

So.we imagined that NAR walked into a bankrupt treasury?

Hard to present evidence when there was no or little paper trail. But pnm was in charge at that time, and we have to start there. Every project, every action. Every family member. Accounts both local and foreign. It's going to be a major undertaking, but Trinidadians need answers.

It's fine to say both sides engaged in corruption, but pnm stole so much or facilitated the theft.

[maj. tom]

no no, what really happened was that Kamla went back on a state sponsored time-travel jaunt and did TEEF OUT D TREASURY!!!

[Habit7]

Well you build a time machine and execute justice for what occurred in 1986. I want justice for a man who bought a $2.3M MB G wagon and got $1,4M tax-free and claimed it was because he was a travelling officer. But handed it over to a party financier who still driving it around TODAY. Some ppl here weren't even born in 1986 yet.

Men tieffing money even while in Opposition.

[wing]

NEWS
No pay rise for PM – Government rejects 'irrational' salary proposals for MPs, officials

GOVERNMENT has rejected the 117th Salaries Review Commission (SRC) report which recommended salary increases for several of the country’s top public officials that would see the Prime Minister becoming the highest monthly income-earner in the group.

In its 117th report, the SRC is proposing a more than 30 per cent hike in the Prime Minister’s monthly salary to $80,000 which will make the head of government, the public official with the highest monthly salary.

The commission’s 113th and 117th reports were laid in the House of Representatives by Finance Minister Colm Imbert last month.

In a statement to the House on March 6, Imbert said, "The 117th report of the SRC is unacceptable because of the serious and inexplicable anomalies that have emerged in the recommendations in the report."

Against that background, he continued, Cabinet will send the report back to the commission with a list of anomalies "so that it can revisit, review, and revise its recommendations and return a revised report to the Cabinet via the President for its consideration."

Imbert expected the exercise to be completed within two months.

"However, if within two months, serious anomalies still exist in the revised recommendations of the SRC, the Cabinet will make appropriate and reasonable adjustments to the recommendations in this 117th report."

Imbert highlighted some of the anomalies.

"Some positions have enjoyed surprising increases, such as the Leader of the Opposition, whose salary has been increased by 60 per cent, the Court Executive Administrator, whose salary has increased by 30 per cent, the Registrar of the Industrial Court, whose salary has increased by 29 per cent, the chairman of a regional corporation, whose salary has increased by 49 per cent, and the chairman of the Public Service Commission, whose part-time salary has increased by 41 per cent."

In the report, it was proposed that the Opposition Leader's monthly salary be increased from $29,590 to $47,500.

Imbert did not talk about the proposed increase in the Prime Minister's monthly salary from $59,680 to $80,000 in the report.

He said, "Other anomalies include that the salary of the Registrar of the Industrial Court, an administrative position, is now higher than that of an Industrial Court Judge, a quasi-judicial decision-making position."

Imbert informed MPs that Chief Justice Ivor Archie wrote the Prime Minister on February 27 to express his concerns about recommendations made by the SRC regarding terms and conditions of members of the Judiciary.

Some of Archie's concerns included recommendations being made on wrong assumptions and the report being "the product of a fundamentally flawed process that fails to adhere to basic principles of natural justice."

Imbert said it was unclear how the SRC, its consultants and focus groups/committees arrived at the recommendations outlined in the report.

"The recommendations appear to be irrational on the face of it."

Imbert suggested that foreign consultants engaged by the SRC were not au courant with the full range of duties, responsibilities, challenges, decision-making and impact in Trinidad and Tobago of several officers under the commission's purview.

"In some cases, there was insufficient consultation with stakeholders."

Imbert reminded MPs that under Section 141 of the Constitution, the SRC was required to review the salaries and conditions of service of officers under its remit, on the approval of the President.

The commission's members are appointed by the President after consultation with the Prime Minister and Opposition Leader.

Imbert said the SRC's role is advisory and its recommendations can be accepted or rejected by Cabinet and/or the Parliament.

He added that some of the recommendations outlined in the SRC's 98th report were not accepted by the government or the Parliament in 2014.

"It must be clarified at the outset, that the 117th report of the SRC is not a general review of the terms and conditions of employment of persons under the purview of the SRC."

He said the matter was addressed in the SRC's 113th report which recommended no general increase in terms and conditions for officers under the commission's purview from April 2014 to March 2020.

"It is noteworthy that public officers have been offered and received a four per cent general increase for the period January 2014 to December 2019, which is more or less the same period."

Imbert said the 117th SRC report, completed in May 2023, is the commission's recommendations following a job evaluation exercise and compensation survey for 300 positions involving 900 people.

This exercise, he continued, started in July 2009 and took 14 years to complete.

Imbert said it was unfortunate that some commentators on the 117th report did not understand that the exercise was not a general review of review of terms and conditions of employment or a negotiated settlement, as occurs in the collective bargaining process.

"Rather it is an examination of the relative value or worth of a particular job relative to other similar jobs."

Imbert also said it was unfortunate that some of the commentators were trade union officials who benefited in the past from such exercises and could stand to benefit from them in the future.

[bluefete]

I have not seen ONE POLITICIAN turn the whole nation upside down with one little sentence since DESMOND CARTY said: "ALL AH WE (PNM GOV'T PEOPLE) TIEF!!!" It was in 1986 that he made that statement.

[matr1x]

Rowley not getting a pay raise is not some big accomplishment.

Is like.a hooker saying she will not take 42 new dicks, but will still take the 35 dicks.

[Mmoney607]

So what going on with this SSA thing? A pastor say he was investigating the ties of a govt minister to the criminal underworld. Sound like Foster.

[Mmoney607]

I see the pnm bringing a new emailgate with some whatsapp screenshot claiming that the chief sec in tobago was asking a contractor for a bribe.

[pugboy]

ent that is same geographic area all them bobol and dss does operate ?

So what going on with this SSA thing? A pastor say he was investigating the ties of a govt minister to the criminal underworld. Sound like Foster.

[Habit7]

Trinidad and Tobago: Staff Concluding Statement of the 2024 Article IV Mission
March 11, 2024

Washington, DC: An International Monetary Fund (IMF) staff team, led by Mr. Camilo E. Tovar, visited Port of Spain during February 26–March 8, 2024, and held discussions on the 2024 Article IV consultation with Trinidad and Tobago’s authorities. At the end of the consultation, the mission issued the following statement, which summarizes its main conclusions and recommendations.

A gradual and sustained economic recovery

For the first time in a decade, Trinidad and Tobago is undergoing a gradual and sustained economic recovery. Real Gross Domestic Product (GDP) rebounded in 2022 and is estimated to have further expanded by 2.1 percent in 2023. This reflects the strong performance of the non-energy sector, which was partially offset by a contraction in the energy sector. Inflation has declined sharply to 0.3 percent in January 2024, after peaking at 8.7 percent in December 2022, mainly due to declining food and imported goods inflation. Banks’ credit to the private sector continues to expand and the financial sector appears sound and stable. The current account is estimated to have remained in a surplus in 2023, and foreign reserves coverage is adequate at 8.3 months of prospective total imports.
The fiscal balance in FY2023 was broadly in line with the budget. The overall fiscal deficit is estimated at 1.1 percent of GDP in FY2023, 0.2 percentage points better than initially budgeted. This reflects higher non-energy revenue and lower than budgeted capital expenditure. Central government debt increased to 54.3 percent of GDP in FY2023 (from 50.7 percent of GDP in FY2022) and public debt reached 70.9 percent of GDP in FY2023 (from 67.0 percent of GDP in FY2022). Public financial buffers remained strong with total assets in the Heritage and Stabilization Fund at US$5.5 billion (19.2 percent of GDP) by end-FY2023.


Positive outlook with some uncertainties

Economic growth is projected to gain momentum in 2024. Real GDP is expected to expand by 2.4 percent in 2024, supported by the non-energy sector and new energy projects coming onstream—which will help offset the structural decline in energy production. Over the medium term, the delivery of several planned natural gas projects is expected to boost growth in the energy sector, while supporting economic activity in the non-energy sector. Inflation is projected to hover around two percent in line with international prices. The current account surplus is expected to stabilize in the medium term, exceeding 6 percent of GDP. Foreign reserve coverage is expected to remain adequate at 6.6 months of prospective total imports by 2029.
The balance of risks is tilted to the downside in the near term but to the upside in the medium term. In the near term, downside risks stem from external factors affecting energy markets (e.g., an abrupt global slowdown) and disappointments in domestic energy production (e.g., delays in new projects or unexpected disruptions in current production). In the medium term, the balance of risks is to the upside, stemming from additional new natural gas projects and the implementation of planned structural reforms, which could boost growth. Downside risks emanate from a faster-than-expected global transition to net-zero emissions, which could put pressure on the energy sector.
Maintaining fiscal discipline while strengthening the fiscal framework

The FY2024 budget envelope is appropriate to support the domestic recovery and address infrastructure needs. IMF staff estimates the fiscal deficit will widen to 2.7 percent of GDP in FY2024. This reflects lower energy revenues due to declining prices and domestic production, increased capital spending, and a higher wage bill—due to the long-standing public wage settlement with some unions. The planned capital spending would help address the country’s infrastructure needs and boost growth. IMF staff recognizes that the proclamation of the Procurement and Disposal of Public Property Act in April 2023 will enhance the legal and institutional framework for transparent and competitive public procurement. It will also help improve the efficiency and quality of public spending. Central government debt is projected to increase to 56.0 percent of GDP and public debt to 73.4 percent of GDP in FY2024, below the authorities’ soft debt target of 75 percent of GDP.
Strengthening the medium-term fiscal position would be important to rebuild buffers to respond to potential shocks. IMF staff welcomes the authorities’ efforts to enhance revenue mobilization (e.g., property tax, gambling tax, and the operationalization of the Revenue Authority). Additional revenue could be generated by adjusting the fiscal regime of the energy sector, boosting non-energy revenue, and strengthening tax compliance and administration. It is advised to continue gradually phasing out subsidies while protecting the most vulnerable, streamlining transfers to state-owned enterprises (SOEs), and improving the efficiency and quality of public spending. The pace and composition of the adjustment should continue to support growth-friendly expenditure and protect essential capital spending. These measures would help strengthen the fiscal position and maintain public debt well below the authorities’ soft debt target.
Addressing potential fiscal risks stemming from the pension system and the global energy transition would ensure long-term sustainability. In the absence of reforms, the National Insurance System’s deficit is expected to widen, depleting its reserves by the mid-2030s. IMF staff welcomes the authorities’ proposal to increase the retirement age to 65 years. The authorities are encouraged to consider other measures to ensure the pension system’s sustainability, including increasing the contribution rate. The global transition toward low-carbon economies is expected to reduce global demand for fossil fuels. This will impact the viability of fossil fuel extraction and result in lower government revenues. To avoid disruptive policy adjustments, it is important to design a sustainable long-term fiscal strategy.
IMF staff welcomes the authorities’ efforts to develop a sound fiscal framework that strengthens fiscal management. In a highly uncertain global environment, a rules-based medium-term fiscal framework will enhance fiscal discipline, avoid procyclical spending, and mitigate fiscal risks. To enhance transparency and credibility, the authorities could clearly communicate how developments in central government debt remain consistent with the soft target on public debt. Moreover, it is important to broaden the fiscal data coverage of SOEs and other public bodies, which would strengthen the assessment of the government’s impact on the economy and any attendant risks. Finally, developing a sound debt management strategy would support the mitigation of macroeconomic and financial stability risks.
Maintaining consistent monetary and exchange rate policies

IMF staff encourages the authorities to maintain consistent policies to support the current exchange rate arrangement. The Central Bank of Trinidad and Tobago (CBTT) has kept its repo policy rate fixed at 3.5 percent since March 2020 to support the economic recovery. With the U.S. monetary policy tightening, the US-TT interest rate differentials widened. While these differentials have narrowed more recently, they incentivize potential capital outflows. Although this risk currently remains contained, the CBTT is encouraged to remain vigilant and stand ready to increase its policy rate if this risk intensifies.
Addressing foreign exchange (FX) shortages remains a priority. Although the CBTT’s additional FX intervention helped restore confidence and stabilize the FX market in 2023, it does not address the underlying structural FX shortfall in the market. IMF staff notes the authorities’ initiative to provide FX to small- and medium-sized enterprises (SMEs) through a new facility at the Export-Import Bank of Trinidad and Tobago (EximBank). Moving toward a more efficient and market-clearing infrastructure for allocating FX would help create a more conducive business environment for the private sector to invest and diversify the economy. The removal of all restrictions on current international transactions and greater exchange rate flexibility over the medium term would help meet the demand for FX, reduce the need for fiscal policy adjustments to restore external balance, and create room for more countercyclical monetary policy.
Toward a modern and resilient financial sector

The authorities need to remain vigilant to potential vulnerabilities in the financial system. While the financial system appears sound and resilient, it faces potential vulnerabilities emanating from high sovereign exposures and from interconnectedness. Closely monitoring financial sector risks is warranted, including those related to climate and cyber-security.
The authorities are encouraged to continue enhancing the financial regulatory and supervisory framework. IMF staff welcomes progress toward strengthening the resilience of the banking and insurance sectors in line with the recommendations of the 2020 Financial System Stability Assessment (FSAP). Going forward, the authorities are encouraged to prioritize and make progress on: (i) finalizing the implementation of Basel II/III standards; (ii) ensuring the orderly transformation of investment funds from constant to variable net asset value; (iii) enhancing the consolidated supervision of conglomerate groups; (iv) providing the CBTT with explicit macroprudential authority and tools; and (v) strengthening supervisory resource and independence in line with international best practices.
The authorities’ steady but cautious approach to Fintech is welcome. The authorities are leveraging on new technologies to improve the delivery of financial services, boost financial inclusion, and modernize the payment system. IMF staff welcomes the authorities' efforts, supported by IMF Technical Assistance, to strengthen the regulatory and supervisory guidance of e-money issuers, promote e-money and foster financial inclusion, and raise awareness and strengthen cybersecurity practices.
IMF staff commends the authorities for the progress made in strengthening financial integrity and the international tax transparency frameworks. The authorities are encouraged to continue strengthening their domestic tax administration in line with international standards of tax transparency, good global governance, and anti-money laundering and combating the financing of terrorism standards. Efforts should continue enhancing the Exchange of Information on Request, Automatic Exchange of Information, Inclusive Framework on Base Erosion and Profit Shifting, and Country-by-Country Reporting. Also, it is important to strengthen the Beneficial Ownership information framework. These actions will help comply with the European Union’s (EU) governance and the Organization for Economic Co-operation and Development Global Forum requirements and prepare the country for the 2026 Financial Action Task Force mutual evaluation.
Advancing structural reforms to address long-term challenges

Trinidad and Tobago needs all its engines to boost growth and secure a more diversified, green, resilient, and inclusive economy. The authorities’ efforts to foster the competitiveness of the energy sector and boost future natural gas production (e.g., the restructuring of the country’s main liquified natural gas facility) will help support economic growth and provide the financial resources needed for the transition to a low-carbon economy. However, it is important to strike a balance between leveraging the country’s maturing energy sector and providing conditions to foster growth of the non-energy sector. This will help shield the economy from global energy market volatility and green energy transition risks.
Advancing structural reforms is key to fostering private sector participation and promoting economic diversification. IMF staff welcomes the authorities’ commitment to diversifying the economy, attracting investment, promoting employment, and increasing trade integration. They are also commended for their efforts to leverage the digital economy to improve efficiency and inclusion. The authorities are encouraged to step up their efforts to enhance the business environment, tackle insecurity, and strengthen the efficiency of trade logistics (e.g., customs and transport infrastructure).
IMF staff welcomes the authorities’ continued efforts to advance their climate and energy transition agenda. Ongoing efforts to reduce greenhouse gas (GHG) emissions through various initiatives (e.g., solar energy and the road map to a green hydrogen-based economy) will help achieve the country’s target of a 15 percent reduction in emissions by 2030. This will also help increase the use of renewable energy. The authorities are encouraged to continue accelerating the country’s low-carbon transition agenda, including to promote the development of the green-energy sector and address risks raised by border carbon adjustments (e.g., the EU’s Carbon Border Adjustment Mechanism).
Enhancing the adequacy of statistics

The authorities’ sustained efforts to improve the quality, timeliness, and the coverage of macroeconomic statistics are welcome. Transforming the Central Statistical Office into an independent National Statistical Institute would help strengthen the country’s institutional capacity. Additional efforts are needed to address the large errors and omissions in the balance of payments and to collect and disseminate comprehensive climate- and GHG emissions-related data, including at the industry level.

https://www.imf.org/en/News/Articles/20 ... iv-mission

[Mmoney607]

Thank you private sector. Is the government going to implement the recommendations regarding forex?

[Habit7]

Thank you private sector. Is the government going to implement the recommendations regarding forex?

The private sector lowered debt to GDP, achieved fiscal balance in the budget, strong fiscal buffers like HSF, adequate forex reserves, provided FX to small- and medium-sized enterprises, procurement legislation, etc? Did you read the release?

While I am all for reducing subsidies, transfers and inflexible economic policies like our FX "controlled float." Just know that a liberal FX policy would mean a US$1=TT$10 and that will initially drive inflation through the roof. The major benefit is that you can go to the bank and buy all the FX you like.

Just letting you know what you are asking for.

[bluefete]

Thank you private sector. Is the government going to implement the recommendations regarding forex?

The private sector lowered debt to GDP, achieved fiscal balance in the budget, strong fiscal buffers like HSF, adequate forex reserves, provided FX to small- and medium-sized enterprises, procurement legislation, etc? Did you read the release?

While I am all for reducing subsidies, transfers and inflexible economic policies like our FX "controlled float." Just know that a liberal FX policy would mean a US$1=TT$10 and that will initially drive inflation through the roof. The major benefit is that you can go to the bank and buy all the FX you like.

Just letting you know what you are asking for.

2 things Habit7:

1. Since 2018, the IMF has been telling the government that the real exchange rate should be $TT10. = US$1.

2. What did you smoke before you wrote - " The major benefit is that you can go to the bank and buy all the F/X you like"

There is no guarantee that at TT$10 - US$1, people will get f/x like before.

[pugboy]

correct, who is to say that the supply would be any better and the banks would not be hoarding for their preferred customers

[aaron17]

Sure, continue to do the same thing...

PM on crime: Gov't will continue to do what must be done

https://tt.loopnews.com/content/pm-crime-govt-will-continue-do-what-must-be-done-696301

[Habit7]

Thank you private sector. Is the government going to implement the recommendations regarding forex?

The private sector lowered debt to GDP, achieved fiscal balance in the budget, strong fiscal buffers like HSF, adequate forex reserves, provided FX to small- and medium-sized enterprises, procurement legislation, etc? Did you read the release?

While I am all for reducing subsidies, transfers and inflexible economic policies like our FX "controlled float." Just know that a liberal FX policy would mean a US$1=TT$10 and that will initially drive inflation through the roof. The major benefit is that you can go to the bank and buy all the FX you like.

Just letting you know what you are asking for.

2 things Habit7:

1. Since 2018, the IMF has been telling the government that the real exchange rate should be $TT10. = US$1.

2. What did you smoke before you wrote - " The major benefit is that you can go to the bank and buy all the F/X you like"

There is no guarantee that at TT$10 - US$1, people will get f/x like before.

Simple supply and demand economics.

The FX demand is high because USD value is relatively low due to CBTT propping up the TTD.
If the TTD is devalued to its market price it will drop the demand because the USD will be valued higher.
Banks therefore will be able to sell FX that there is less of a demand for. This occurs currently when banks forced to sell at the official rate never have enough USD. But cambios who could hike up the price will sell you how much you want but only at a rate of TT$8-9 per USD


Eg Guyana and Jamaica, unlike ECD and BBD, have true floating dollars that sell at the true market price hence their exchange rate to the USD is +$100s


PNM doesn’t want to devalue the TTD because that will cause hard economic adjustment. But first term was Petrotrin, second term looks to be property tax and T&TEC tariff. If they get a third term it might be WASA and TTD devalue. But even if they don’t, the next govt would have to do it anyway.

[matr1x]

Pnm has a track record of running enterprises into the ground.



And Sean Luke. Allegedly

[88sins]

So now allyuh pm asking for private sector financing for national development, to construct buildings and turn them over to the government and get paid back over a 15 year term. Because he feels private sector entities have and make more money than the government.

I does wonder, exactly how dotish this idiot really is? And how chupid he really feel ppl is?


This from the same jackass pm, who in the same breath as he talking that bs, says that the state paying 0.5 million dollars a month to rent HDC office buildings, that doesn't even have a car park.

this country real jokey, from captain to cook.

[pugboy]

and paying millions to rent from ferris fadda in law every month

[matr1x]

In the paying back, that how corruption happens

[Habit7]

So now allyuh pm asking for private sector financing for national development, to construct buildings and turn them over to the government and get paid back over a 15 year term. Because he feels private sector entities have and make more money than the government.

Please explain how this is dotish?

[eliteauto]

So now allyuh pm asking for private sector financing for national development, to construct buildings and turn them over to the government and get paid back over a 15 year term. Because he feels private sector entities have and make more money than the government.

I does wonder, exactly how dotish this idiot really is? And how chupid he really feel ppl is?


This from the same jackass pm, who in the same breath as he talking that bs, says that the state paying 0.5 million dollars a month to rent HDC office buildings, that doesn't even have a car park.

this country real jokey, from captain to cook.

nah man 88, I eh look for you there, never heard of BOLT ( Build Own Lease Transfer) or PPP ( Public Private Partnership)? Also, who do you think makes up the majority of Gov't Bond subscribers when they issue Bonds for projects?

[88sins]

So, allyuh find is a good investment, to invest in financing construction for a man who say he eh have no money and watching what money you have, all when the said man is telling you how he like to bad spend money?

I got zero problem with people who subscribe to buying government bonds. Even that is not without it's risks. But to put money in BOLT & PPP projects here is a VERY risky business. If there was more oversight and better management, most definitely. But in this country? No thanks.

This is the same country where a man get paid one million dollars to sell the fire service 20 wooden ladders, and nobody question it until AFTER he get paid and buss out.